The UK and India today agreed to ease restrictions on the number of scheduled flights between the two countries to provide a boost to trade and tourism. Limits on flights from key Indian cities, including Chennai and Kolkata, have been scrapped, allowing for a greater range of flights for passengers
“India is one of our closest allies and key trading partners and this new agreement will only serve to strengthen this crucial relationship. We are unlocking new trade and tourism opportunities which will boost our economies, create new jobs and open up new business links,” UK aviation minister Lord Ahmad of Wimbledon had said during his visit to India this week
“This is a great news for both the UK and India and is yet another sign that we are open for business and ready to build and strengthen our trade links,” he said
With about 2.5 million passengers flying direct between the UK and India each year, and 88 scheduled services per week in each direction between the two countries, the agreement will open up even more routes and opportunities
Indian Civil Aviation Minister Ashok Gajapathi Raju Pusapati said: “The increase in number of flights between the UK and India is encouraging news for our businesses and tourists. We already enjoy strong ties with the UK and we welcome such continued association which in the long run will not only encourage business activity, but also people-to-people contact.” “I am sure that this agreement will bring direct and indirect benefits to many sectors of the economies of our two countries,” the minister said
As it prepares to exit the European Union (EU) following a referendum in favour of Brexit last June, the UK government has stressed that building new links with important trading partners is a key part of its plans for a “Global Britain”, as well as opening up new export markets and creating jobs and economic growth
“India is a rapidly expanding and important market for aviation and the agreement signed today will allow airlines to develop new services and routes,” the UK government said in a statement
It highlighted that tourism from India makes an important contribution to the UK economy. In 2015, there were 422,000 visits from India to the UK, bringing more than 433 million pounds to the economy
The latest agreement was formally signed during a visit to India by Lord Ahmad, where he led a delegation of British companies for the 2017 CAPA India Aviation Summit
Meeting with Raju, Minister of State for Civil Aviation Jayant Sinha, and India’s leading airlines, Lord Ahmad encouraged Indian businesses to partner with UK aerospace companies to capitalise Britain’s world-class aviation expertise. The final decision on additional flights between the UK and India will be a commercial one for airlines.
Source: The Financial Express
The Adani Group has appointed Jennifer Purdie as the Chief Executive Officer (CEO) for its renewable energy business unit in Australia in a bid to drive its plans to become the largest renewable energy player in the country.
Adani Australia country-head and CEO, Jeyakumar Janakaraj, said the appointment of Purdie is a significant step for the company in Australia.
“Adani’s aim is to become the largest renewable energy industry participant in Australia with a total capacity of 1,500 MW in the near term,” Janakaraj said.
“To help us realise this ambition, Adani has established the Adani Australia Renewable business unit, and appointed Purdie as its CEO, he said.
“Adani is the largest solar power generator in India with plans for 10,000 MW by 2022. Adani already has commissioned the world’s largest solar plant on one site, Kamuthi Solar Plant in Tamil Nadu, with a 648MW capacity. Indeed, Adani will commission an additional 2,000MW in solar generation in India by the end of this calendar year,” Janakaraj said.
Purdie, who will report directly to Janakaraj, has extensive global experience in the resources and engineering sector, and is recognised as one of Australia’s leading engineers.
Purdie has worked for rail freight group Aurizon (Executive Vice President, Enterprise Services), Rio Tinto (Chief Advisor Projects; Global Practice Leader, Technology Delivery, Innovation; Diamonds and Minerals Executive), and has Board experience with a number of companies and institutions including the Solar Flagships Panel which advised the Commonwealth Government on solar generation.
Her most recent position was Executive Director of Nexion, a technology solutions provider for the mining industry.
Stating her new role presented an exciting challenge, Purdie said, “Renewable enery presents great opportunities for Australia, particularly for remote communities but also as a key component of balanced energy supply solutions across the nation.”
Adani has announced two solar generation plants will be built this year in Australia — one at Rugby Run, near Moranbah in Central Queensland, and the other on the northern outskirts of Whyalla in South Australia.
The projects will generate 150MW each and other similar sized projects are being planned for Queensland and South Australia.
The solar projects are in addition to its $21-billion investment in the planned Carmichael coal mine in Queensland’s Galilee Basin a well as rail and port facilities.
Source:The Hindu Businessline
Opportunities for Australian businesses looking to get a foot in the Indian market have never been greater, according to a leading authority on India’s commercial landscape.
The message from Asialink Business CEO, Mukund Narayanamurti, comes ahead of the upcoming India Market Entry workshop, which will help local entrepreneurs plan their market strategies and build business networks.
Supported by the City of Sydney, the two hour workshop is free for inner-city businesses.
The interactive seminar and workshop will reveal how to identify business opportunities in India and how businesses can assess the competitor landscape. Australian companies that have achieved success in India will also share strategies and tips for entering the Indian market at the event to be held in Sydney on Thursday 16 February.
Lord Mayor Clover Moore said the City was keen to help Sydney businesses expand into Asia and take advantage of opportunities in new markets like India.
“This is a terrific chance to hear directly from people who’ve done all this themselves,” the Lord Mayor said
“We get behind talks like this because they are a great way for Sydney businesses to get practical advice and meet like-minded business leaders.
Mr Narayanamurti previously led KPMG Australia’s India Business Practice and is one of three presenters at the seminar. He now heads Asialink Business, which provides training, information products, events and networking opportunities to help organisations and individuals do business with Asia.
“Australian businesses should be encouraged by India’s recent attempts at creating a more foreign investment-friendly environment under President Modi, with the opening up of key sectors to allow direct investment,” Mr Narayanamurti said
“India’s business and regulatory environment is very complex, and businesses often find entering the Indian market to be a lengthy, challenging process. But the rewards for persisting are high.
The seminar will give participants an understanding of:
India’s economic landscape, including state and regional economies;
The Asia capabilities needed for business success in India;
The key business opportunities in Asia;
The Indian market entry framework;
How to conduct a market opportunity assessment;
Market entry mode and operations;
Market entry plan implementation; an
Common reasons for business success and failure in India
Workshop presenter Patrick Un is Programs Manager at Asialink Business with 10 years’ experience running a profitable business in Asia and advising international companies on capability development.
Presenter Sue Freeman is Director of the Australian Retail College based in Hyderabad, India, where she partners with businesses and government bodies to provide retail training solutions for the workforce.
She says Australian businesses should look to India when considering overseas markets, but cautions that India is made up of many diverse markets.
“Australian businesses need to take the time to become familiar with the specific Indian market that they are operating in. They need to take a long term view and be prepared to invest. Business takes time in India,” Ms Freeman said
“One of the biggest challenges to doing business in India is coming up with the right price point for your product – if you have something that India wants, can you meet the demand at the right price?
India today entered a partnership with an Australian university to conduct laboratory trials on a global vector-control method, whereby a naturally occurring bacteria is introduced into dengue virus-carrying mosquitoes to "inhibit" viral transmission.
As part of a Memorandum of Understanding signed here between Indian Council of Medical Research (ICMR) and Monash University, the efficacy of the disease-control method will be tested at Vector Control Research Centre (VCRC) in Puducherry before undertaking any field trial.
"Monash University came up with this strategy six years ago, when trials on introduction of Wolbachia bacteria in aedes aegypti mosquitoes, were conducted in Cairns in Australia. And, results were fine.
"Besides Australia, we have partnered with a few other countries -- Brazil, Colombia, Indonesia and Vietnam -- where such methods are being used. It would now be tested in Indian environment," Scott O'Neill, professor and Director of Eliminate Dengue Program at the university, said.
The pact was signed in the presence of Secretary, Department of Health Research and Director General of ICMR, Soumya Swaminathan, Prof O'Neill, Director, VCRC, P Jambulingam and several other senior researchers.
"The first phase of the trial would be held for 12 months," he said.
"As part of the MoU, now aedes agypti strain carrying Wolbachia bacteria is proposed to be imported to India from Monash University, which transfer technology to us at VCRC. We are setting up our labs there, meanwhile, as we are meeting formalities to get the strain imported," Swaminathan said.
Aedes agypti is one of the two main mosquito species which transmit dengue and chikungunya viruses. Delhi saw one of the worst outbreak of the vector-borne disease last year.
"The chikungunya outbreak was not the trigger though as we had been working on this collaboration before it. Also, once we are satisfied with our lab trials, only then we will go for field trials, which would be a pilot project under which a few cities would be chosen based on several parameters," Swaminathan said.
"The method involves either introducing Wolbachia (considered biological control agent for vector infection transfer) to the egg of wild mosquitoes or injecting it in an adult aedes aegypti. The Wolbachia-carrying mosquitoes then go further and breed with more wild mosquitoes.
"The method is not a mosquito population control programme but only a way to inhibit their virus transmission capabilities. The strategy also does not seek to interfere with their breeding cycles but only sort of turn them harmless," O'Neill said.
The Australian professor said, "In different countries, Monash works with partnering institutions and the research is also funded by philanthropic and other organisations.
Source: Business Standard
The United States and India have established a solid basis for security cooperation in the greater South Asia region, but a burgeoning trade relationship has yet to materialize. Recognizing the imperative of bolstering the trade relationship between the world's largest economy and the world's fastest growing economy, the US and India have set an ambitious goal raise the current trade levels from $100 billion to a projected $500 billion in the next ten years. The initiative will tap into the Atlantic Council's extensive network to convene thought leadership and policy-makers in an effort to maintain focus on the importance of a burgeoning trade relationship between the United States and India. The potential for further trade development exists within several sectors including defense, financial services, insurance, energy, infrastructure, life sciences, automotive, and heavy machinery. Critical benefits of such development include stronger job growth and entrepreneurship in both countries. For the US-India relationship to fulfill its potential as one of the "defining partnerships of the 21st century," economic collaboration and growth must be a priority.